Pricing - Cake Decorating Community - Cakes We Bake2024-03-28T14:44:29Zhttps://cakeswebake.com/forum/topics/pricing-1?commentId=4635016%3AComment%3A112825&x=1&feed=yes&xn_auth=noRegarding pricing of your bak…tag:cakeswebake.com,2010-08-03:4635016:Comment:1128252010-08-03T17:01:26.427Zshirley villafrancahttps://cakeswebake.com/profile/shirleyvillafranca
Regarding pricing of your baked goods or any other dish you sell, you need to remember that the food cost should always be just at 30% of the final price. I know this may not be the standard, but if you want to earn or make a reasonable profit from your food business, a 30% food cost is a good way to start. Compute all the food cost, 70% should be your profit, which also goes to offset the cost of the electricity, utilities and labor, packaging and fare. If my cake and decorations cost $300.00,…
Regarding pricing of your baked goods or any other dish you sell, you need to remember that the food cost should always be just at 30% of the final price. I know this may not be the standard, but if you want to earn or make a reasonable profit from your food business, a 30% food cost is a good way to start. Compute all the food cost, 70% should be your profit, which also goes to offset the cost of the electricity, utilities and labor, packaging and fare. If my cake and decorations cost $300.00, i would sell it for $1000.00. At least this is how i did it in my bakery. My best friend and I went to…tag:cakeswebake.com,2010-07-30:4635016:Comment:1092692010-07-30T04:59:30.545ZVirginia Mhttps://cakeswebake.com/profile/VirginiaM
My best friend and I went to DC and VA last October and we did a day trip up to Baltimore. We went online to see about getting a cake made at the Charm City Cakes (Ace of Cakes) and they will not do a cake under 1,000 bucks according to their site.<br />
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<cite>Ruth Dunlop said:</cite><blockquote cite="http://www.cakeswebake.com/forum/topics/pricing-1#4635016Comment85618"><div>great idea girls!I live near Sarnia,(southern ontario)There are only a few around that do cakes,but I havent seen anyone that…</div>
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My best friend and I went to DC and VA last October and we did a day trip up to Baltimore. We went online to see about getting a cake made at the Charm City Cakes (Ace of Cakes) and they will not do a cake under 1,000 bucks according to their site.<br />
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<cite>Ruth Dunlop said:</cite><blockquote cite="http://www.cakeswebake.com/forum/topics/pricing-1#4635016Comment85618"><div>great idea girls!I live near Sarnia,(southern ontario)There are only a few around that do cakes,but I havent seen anyone that does 3D cakes,thats my niche.I usually dont do cakes under $100,unless a close friend or repeat customer.My wedding cakes start at $300,fake or more for real.It's a small community so it's tough charging what the cakes are worth,I usually tell them to check out Cake Boss or Ace of Cakes,they start at $500 for small,if not more.Unique is worth the extra money,after all your doig it for a SPECIAL occasion,the cake should be special too!As for supplies we're close to the border so I shop at Hobby lobby alot,other then that London(1 hour) or Toronto(3-4 hours)are the only places to get good stuff.</div>
</blockquote> When I was doing stained glas…tag:cakeswebake.com,2010-07-27:4635016:Comment:1069942010-07-27T11:08:41.304ZBettina Dwyerhttps://cakeswebake.com/profile/BettinaThorp
When I was doing stained glass we charged the cost of your materials X 3. So if it cost you $180 for materials then the cost to the client was $540. You can never get paid adequately for your time.<br />
I actually have an excel pricing table that a friend gave me. She didn't write it, but I have found it really handy for that reality check on my prices. It's in Canadian dollars but the prices work out about the same in Australian dollars.
When I was doing stained glass we charged the cost of your materials X 3. So if it cost you $180 for materials then the cost to the client was $540. You can never get paid adequately for your time.<br />
I actually have an excel pricing table that a friend gave me. She didn't write it, but I have found it really handy for that reality check on my prices. It's in Canadian dollars but the prices work out about the same in Australian dollars. One more idea Theresa... coul…tag:cakeswebake.com,2010-07-25:4635016:Comment:1055192010-07-25T18:06:47.291Zjeri chttps://cakeswebake.com/profile/jeric
One more idea Theresa... could you just add a discussion topic instead of it being a group???
One more idea Theresa... could you just add a discussion topic instead of it being a group??? Great Idean Theresa!!! I know…tag:cakeswebake.com,2010-07-25:4635016:Comment:1055172010-07-25T18:05:22.781Zjeri chttps://cakeswebake.com/profile/jeric
Great Idean Theresa!!! I know it really does depend on where you live... how experienced you are... the quality of your work... How your product tastes... lots of factors included. Even within a particular state the prices can vary on where you live in that state! There is not an accross the board pricing structure.<br />
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And in agreeing with Karen Marie... my husband is always telling me that I burn my ovens out way before they should. He is probably right but hey... I do get a new oven every so…
Great Idean Theresa!!! I know it really does depend on where you live... how experienced you are... the quality of your work... How your product tastes... lots of factors included. Even within a particular state the prices can vary on where you live in that state! There is not an accross the board pricing structure.<br />
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And in agreeing with Karen Marie... my husband is always telling me that I burn my ovens out way before they should. He is probably right but hey... I do get a new oven every so often!!! Many do not take in the cost of the foil... the cake boards, the boxes... and the clients never take in consideration for hours you put in. Another thing I noticed is th…tag:cakeswebake.com,2010-07-23:4635016:Comment:1045682010-07-23T18:11:15.385ZKaren Mariehttps://cakeswebake.com/profile/KarenSquillante
Another thing I noticed is that I don't see you gals adding in cost of overhead...electric, water, phone, mortgage or rent, packaging, supplies....to get a more accurate price it is a good idea to add up the cost of ingredients along with packaging then multiply by 4 to get a basic price. Then add the cost of labor..I dont know about you but I won't work for less than $12.00 an hour and that is CHEAP!<br />
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So to answer your question...yes Theresa!! :D
Another thing I noticed is that I don't see you gals adding in cost of overhead...electric, water, phone, mortgage or rent, packaging, supplies....to get a more accurate price it is a good idea to add up the cost of ingredients along with packaging then multiply by 4 to get a basic price. Then add the cost of labor..I dont know about you but I won't work for less than $12.00 an hour and that is CHEAP!<br />
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So to answer your question...yes Theresa!! :D Just make sure you use a calc…tag:cakeswebake.com,2010-07-23:4635016:Comment:1045662010-07-23T18:05:06.807ZKaren Mariehttps://cakeswebake.com/profile/KarenSquillante
Just make sure you use a calculator when figuring out prices....the cost for 1/2 cup with these figures is $.17<br />
and 1/4 cup is $.085. The more accurate way is to weigh ingredients and use the per oz. cost. Sugar can vary from 5-6 oz per cup depending on the size of the crystals. And powdered sugar is more like the weight of flour at about 4 oz per cup.<br />
<cite>Denise said:</cite><blockquote cite="http://www.cakeswebake.com/forum/topics/pricing-1#4635016Comment85579"><div>Actually, I feel that the…</div>
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Just make sure you use a calculator when figuring out prices....the cost for 1/2 cup with these figures is $.17<br />
and 1/4 cup is $.085. The more accurate way is to weigh ingredients and use the per oz. cost. Sugar can vary from 5-6 oz per cup depending on the size of the crystals. And powdered sugar is more like the weight of flour at about 4 oz per cup.<br />
<cite>Denise said:</cite><blockquote cite="http://www.cakeswebake.com/forum/topics/pricing-1#4635016Comment85579"><div>Actually, I feel that the only DIFFERENCE in pricing anywhere would be what to charge for labor. The basic formula is going to be the same no matter where in the world you are located.<br/><br/>Price of Goods + Labor= Price<br/><br/>To get your "Price of Goods" you need to sit down and figure out HOW MUCH it costs you to make your product. There are some pricey software programs out there that will do it for you. However you still have to enter in your prices and recipes. Or you can do it the old fashioned way by keeping a "Price Book". This book will list all of your ingredients and prices per ingredients.<br/><br/>For example:<br/><br/><b>Pure Cane Sugar (5lb bag) $4.04 (.81 per lb)</b><br/><br/>.34 per Cup .04 per 1/2 Cup .02 per 1/4 Cup or less<br/><br/>Do this for every ingredient that you use. THEN sit down with your recipes and figure out how much it cost to make the recipe. Then all you have to do is determine what percentage you want to add to that cost to cover your labor.</div>
</blockquote> It's so funny to read this po…tag:cakeswebake.com,2010-07-23:4635016:Comment:1044412010-07-23T13:14:51.472ZDianahttps://cakeswebake.com/profile/Diana776
It's so funny to read this post this morning, because I am delivering a cake today (11x15) and am charging $65. On one hand I feel like I am charging entirely too much (especially if I don't think the cake looks perfect) and on the other hand, I was up ALL NIGHT LONG!!!!!!!!! I think your suggestion, is a great one! The Pricing question does come up a lot and setting up a group would be awesome (although, I haven't met any others from Arkansas...) I'll be on the look-out for it! I still have…
It's so funny to read this post this morning, because I am delivering a cake today (11x15) and am charging $65. On one hand I feel like I am charging entirely too much (especially if I don't think the cake looks perfect) and on the other hand, I was up ALL NIGHT LONG!!!!!!!!! I think your suggestion, is a great one! The Pricing question does come up a lot and setting up a group would be awesome (although, I haven't met any others from Arkansas...) I'll be on the look-out for it! I still have questions about pricing, myself! I think we all want to be fair to our customers but at the same time, not feel like we aren't getting reimbursed for all the hours of labor! Colleen, there aren't any goo…tag:cakeswebake.com,2010-07-23:4635016:Comment:1044362010-07-23T12:44:34.469ZTheresa Happehttps://cakeswebake.com/profile/TheresaHappe
Colleen, there aren't any good bakeries out where I live either. That's why I've baked all my life. But, no place is the same once family moves away. My folks moved upstate.<br />
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<cite>Colleen said:</cite><blockquote cite="http://www.cakeswebake.com/forum/topics/pricing-1?commentId=4635016%3AComment%3A104408&xg_source=activity#4635016Comment104408"><div>Theresa ! im so jealous ! your in Long Island ! thats where my family used to live ! (most are in conneticut now or passed away)<br></br> i love it…</div>
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Colleen, there aren't any good bakeries out where I live either. That's why I've baked all my life. But, no place is the same once family moves away. My folks moved upstate.<br />
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<cite>Colleen said:</cite><blockquote cite="http://www.cakeswebake.com/forum/topics/pricing-1?commentId=4635016%3AComment%3A104408&xg_source=activity#4635016Comment104408"><div>Theresa ! im so jealous ! your in Long Island ! thats where my family used to live ! (most are in conneticut now or passed away)<br/> i love it there, i grew up in tucson and my whole family accept one set of cousins and my grandparents were in tucson, everyone else in long island. i visited ALOT when i was younger.<br/>
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now i live in cleveland , and there are NO good italian bakeries to be found, the bagels are terrible, and i was really bummed when i went to little italy here and it was kind of deserted.<br/>
there arrnt any cake decorating supply stores here either ( i really miss the giant one in tucson )<br/>
so i have to get everything online<br/>
<br/>
and living in tucson my whole life i knew a TON of people, now i dont know a soul in cleveland so my decorating business has come to a complete hault =-/<br/>
<br/>
we may move to either salt lake or denver in a couple years, so im hoping things will be different out there.<br/>
<br/>
anyways, great idea on the pricing =-)</div>
</blockquote> Theresa ! im so jealous ! you…tag:cakeswebake.com,2010-07-23:4635016:Comment:1044082010-07-23T10:44:21.042ZColleenhttps://cakeswebake.com/profile/Colleen2
Theresa ! im so jealous ! your in Long Island ! thats where my family used to live ! (most are in conneticut now or passed away)<br />
i love it there, i grew up in tucson and my whole family accept one set of cousins and my grandparents were in tucson, everyone else in long island. i visited ALOT when i was younger.<br />
<br />
now i live in cleveland , and there are NO good italian bakeries to be found, the bagels are terrible, and i was really bummed when i went to little italy here and it was kind of…
Theresa ! im so jealous ! your in Long Island ! thats where my family used to live ! (most are in conneticut now or passed away)<br />
i love it there, i grew up in tucson and my whole family accept one set of cousins and my grandparents were in tucson, everyone else in long island. i visited ALOT when i was younger.<br />
<br />
now i live in cleveland , and there are NO good italian bakeries to be found, the bagels are terrible, and i was really bummed when i went to little italy here and it was kind of deserted.<br />
there arrnt any cake decorating supply stores here either ( i really miss the giant one in tucson )<br />
so i have to get everything online<br />
<br />
and living in tucson my whole life i knew a TON of people, now i dont know a soul in cleveland so my decorating business has come to a complete hault =-/<br />
<br />
we may move to either salt lake or denver in a couple years, so im hoping things will be different out there.<br />
<br />
anyways, great idea on the pricing =-)